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Stock Market & Financial Investment News

News Breaks
May 13, 2014
10:37 EDTFNMAFannie Mae rallies sharply, levels to watch
In otherwise quiet trading, the shares are on a tear to the upside after the regulator for the company declined to cut mortgage loan sizes the company could hold as had been previously envisioned. Shares were last at $4.67, up ver 10%. At that price next resistance is at $4.80, a prior pivot high. Support is at $4.47.
News For FNMA From The Last 14 Days
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May 17, 2015
17:06 EDTFNMANomura, RBS ordered to pay $806M to Fannie, Freddie, Reuters says
U.S. District Judge Denise Cote has ordered Nomura (NMR) and RBS (RBS) to pay a total of $806M for allegedly misleading Fannie Mae (FNMA) and Freddie Mac (FMCC), Reuters reported Friday, citing court proceedings and a person familiar with the matter. Reuters notes that Fannie is set to receive $26.6M from the ruling, while Freddie will receive $779.4M. Reference Link

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